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of low-wage americans and their times and the economy as a whole? the debate surrounding raising the minimum wage is the inside story. >> hello, i'm ray suarez. the wheels of the american economy turned with the labor of low wage workers across this country. the dishwashers, retail sales people and healthcare providers who toil at the federal minimum wage haven't seen a pay raise in four years and efforts in congress to find one have stagnated. cities, states, and counties are taking it on themselves to bring their workers to income levels closer to the fiscal realities of these tough times. and it's no easy task. as much debate surrounds the effectiveness of image wage hikes and who really benefits. do these wage controls cost jobs? we'll discuss the issue on this addition of "inside story." but first this background. >> they deserve to live a good life in one of the richest cities in the world. >> reporter: close to 100 people rallied outside washington, d.c. city council chamber as council members inside voted to raise the city's minimum wage to $11.50 an hour. >> congress' fa
front. more companies are hiring and the economy shows signs of a rebound. >> hello, welcome to al jazeera america. i'm morgan radford, live in new york city. >> an american war veteran detained in north korea is on his way back to the united states. merrill newman departed beijing airport about 15 minutes ago, headed for his home in san francisco. he'd been held in north korea since late october. officials said they released newman on humanitarian grounds and for apologising for crimes committed during the korean war. he spoke to reporters before leaving beijing. >> i'm glad to be coming home. >> melissa chan has more. >> great news that merrill newman has been freed. you can well imagine how distraught his family has been. he's missed thanksgiving, but will be home in time for the holidays. we hear that merrill newman was part of a special unit called the white tigers. military intelligence stole secrets - we didn't know about the group until the 1990s. so from the north korean perspective they consider merrill newman, even though he's advanced in age, a serious enemy. from the n
. considerable fiscal constraints. we're going to see environment -- it will allow for the underlying economy to look stronger. >> the bloomberg political analyst is with us -- sequestration in 2014 is different for him last year. >> they realize -- both sides realize they made a huge mistake. interesting point to me, we had a stock market high. we have housing rates out. we have more millionaires and billionaires. you have all of this data and then you have 75% of the country saying we are on the wrong track. >> will that look like going forward when you deal with the restructuring of fannie and freddie? will we see tightening standards and will that hurt the economy even more? >> i think that is one of the challenges. there are lasting scars. we will continue to see regulatory changes and adjustments. one of those is in the mortgage market. >> can i get a mortgage in 2014? doesn't change the radically that i cannot the mortgage? >> we could see some listening, but when we look back, it will look fundamentally different than what we had during the bubble. >> let's look at today's jobs report
in the economy a jump in construction and manufacturing jobs helped bring the unemployment rate down to 5%. the economy gained 200,000 new positions last month. >>> in mexico startling new developments about a cargo of stolen radioactive material. they havthey have arrested two . they are being treated for raid radiation poisoning. poisoning. ♪ ♪ >>> as the word continues to mourn the loss of nelson mandela, stories are emerging of how america was crucial in the fight against racial segregation. consider this what was america's role in helping break the power of apartheid ove overseas the secretary for african a affairs will join us. >>> new york's mayor elects one of the biggest supporters to head the nypd. >>> a new wave of violence hit bebengazi. >> what would it be like to live on a floating ship in the middle of the ocean. >>> welcome to "consider this". we begin with the celebration of the life and legacy of nelson mandemandela. a ten-day mourning period began in south africa where mandela ercheddeendended the wave of ap. >>> mamandela's fellow lauret sd the sun will rise tomor
forward, not only the turnaround in the united states in the terms of the economy but the globe. the only thing that concerns me about the emerging markets is if the feds does start to taper back what is that going to do to those emerging markets and are they at more risk as a result of a fed pullback? >> any kind of rise in interest rate is going to kill in emerging markets. we've seen that so far. here's what i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short hone
of today's opinion pages of "the wall street journal:." again, your thoughts on the economy, especially in light of these new numbers, with the federal unemployment rate at seven percent. in.ere is how you can call we divided the lines differently. if you are under 30 -- it is discussions about the economy that takeover the papers today, especially in light of these new numbers. here is the editorial page of "the new york times." they have a different take -- we start this morning in jacksonville florida. angel is up. good morning, what do you think about the economy in light of these current numbers? good morning. first of all, thank you so much for taking my call. go ahead, you're on. caller: there is still a selection process that is very difficult for many people. thethe reason is simple, young people are being selected -- the selection very picky.ery, degrees and i can't find a job in jacksonville, florida. some cities are picking up quickly, some aren't. keep are you going to looking for work or have you given up? caller: i will keep looking. fairs, i apply for work every day. i s
? >> very much like peter said, many want more evidence the economy is indeed strong enough that they feel comfortable to pull back a bit because the last thing they want to do is pull back and have to reverse course. they stop asset purchases twice before only to come back in again. they don't want that to happen. december is a tough time to start tapering. a lot of people are on vacation, the market is very thin. the last thing they would want to do is potentially make a move leading to an exaggerated reaction in the bond market because again you have this. it will be a 2014 story. cheryladam: why not the january meeting? is that too soon? speak a lot of people have turned their forecast focus to . you don't have it press conference afterwards. you can always announce the decision to start doing press conferences after every meeting and that would put january into play. between the leadership transition, the fact they will not be doing new forecasts. we are looking for a very weak fourth-quarter gdp number. could only be half to 1%. adam: let me play devil's advocate. gdp in the last qua
areas. man: we have to have water supply for health purposes, for fire protection, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but t
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemployment rate, 13.2%, people who are unemployed
struggling, it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans meantime remain focused on obama care. north carolina congress woman renee elmhurst delivered the gop's response earlier today. >> families who work hard and by play the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of house passed jobs bills awaiting action in the democratic-run senate. >> meanwhile, good news on the latest jobs report to share. 203,000 of them created in november, just 1,000 shy of the number of jobs created in october. unemployment fell by.3 down to 7%, the lowest in five years. kristen welker is at the white house for us. kristin, i'm curious how the white house is interpreting these numbers. all good? >> well, look, th
, small businesses in this difficult economy. >> there are a lot of vacant storefronts, so we are trying to find people to read these spaces. there is a bookstore over there. this way there are a lot of businesses that have been closing. >> i support the small businesses versus more chain stores that seem to be coming in to some of the vacant storefronts. i am trying to be sensitive to the local merchants because they make up the unique character and diversity of our neighborhoods. you go to lafayette. i was just there reading to a bunch of kids. i think i was reading to fifth graders. what grade are you in? >> as a member of the school board, i know strong schools in the richmond is key. also, from the birth to 5 commission -- each commission has an organization to oversee pre-kindergarten kids. i want to ensure that the state level that we advocate strong support for young children and their families, good parenting support as well. >> often, we have to govern with our hearts. 80,000 people in the richmond district sometimes have different needs than people in the mission district or b
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
. versus the s&p 500, 27%. cake, and to have my eat it, too. not bad. our closer says the economy has 20 of momentum. is loftygh there expectations for tomorrow's jobs report, she believes the expectations will be met. she is a bloomberg best for her stellar forecasting ability and .our -- and a senior economist welcome back. last jobs report of the year tomorrow. lookdo you think it will like? >> all of the other labor market data that has been coming in has been coming in very healthy. expectations are also very lofty for tomorrow's report. the supporting data says we will get a nice, big support. at 190 five, slightly above consensus. in, coalescing around the 200,000 level. if it comes in around that mark, markets are expecting that kind of number. you set yourself up for a big knee-jerk reaction if we do not meet that number. that said, we are trading down because there is good economic data, and everyone says we will pave her sooner than perhaps the market was like. so if we get the week report bar roque, it might not necessarily be the worst thing for the markets. quac >> weak or
what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did stories following teenagers around the mall and that's social. you can
will go to your blog. >>> the struggling economy has some communities thinking of breaking away. a wealthy community in baton rouge is thinking of breaking away. it's been tried in new york, los angeles, indiana. >> jeffrey lee doesn't miss a moment with his grandchildren. although they are not in school he knows education is the key to life. >> i want them to go to school. >> it's a challenge in a city where 60% of public schoolchildren are not learning at grade level. >> it's one of the worst school systems in the state. how many generations of children do you disserve before you say, "let's try something different." lionel rainey is pushing for a different plan for better schools. by breaking away from baton rouge, and starting a new city. the city of st george would encompass an unincorporated area home to a fifth of the residents, it would control and run schools with its own tax residence. >> it's not about starting a city, it's about education. >> it's about 100% total about education. we came into this saying we want to take accountability for the schools in our area >> critics say
these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show on sunday, taking a look bat at the highlights and lowlights of the last ten years. i'm sure you feel this, shep, with your show. just amazing over the course of a decade who you get to talk to, where you get to go. the adventures you go on, and i'm so grateful to have had the opportunity. >> tell me the lowlights. >> you probably know most of those as well. you'll see them. the good, the bad, and some surprises along the way. >> what do you make of this business on current topics? >> well, you mean in terms of the unemployment rate? >> yes. >> you're exactly right. it's great news. 7%. 203,000 jobs created. the latest upgraded numbers fo
economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights so that our kids are brought up in a good country without corruption where everything is fair. >> reporter: the crisis is reaching a crucial moment. the president believes he can survive with moscow's help. the protesters say they are ready for a long fight to the achieve their aims. tim friend, al jazeera, kiev. >>> moving to asia, a move that has increased the political crisis in thailand. members of that current tree's main opposition party resigned from parliament today. they called the current government illegitimate and are refusing to work with the prime minister. five people have been killed since massive protests began last month. demonstrators want the prime minister to step down. in egypt, police used tear glass to clear a crowd of protesters at as islamic university in cairo. they say students threw rocks at officers and were trying to block traffic at a major thoroughfare. they were supporters of morsi, four se
the internet of everything. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> welcome back to "the lead." i'm jake tapper. time for the world lead. he was a global icon for peace and nonviolence and his memorial service is obviously tomorrow. it's on pace to rival anything we have seen in decades in terms of size and security presence. among the throngs of mourners flocking to johannesburg right now to bid farewell to nelson mandela are 91 heads of st
an important snap shot of the jobs picture in this country. >> signs u.s. economy and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the importan and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying bundles. rethink possible. >>> employers added 200,000 people to payrolls driving the unemployment rate down to 7%. that is a five year low and a sign the economy is now beginning to ramp up after the great recession in a long, sluggish recovery. other signs, nearly a quarter of the november job growth came in manufacturing and construction. those are good paying jobs, too. and hourly pay sup. average wage earner making $24.15 per hour, working 34.5 hours per week. down side is that 4 million people have been out of work six months or longer and percentage of adults workin
the modern capabilities we've got? that's number one, because you can't avoid it. two, is this economy the best we can do, or can we get a breakout to the pioneers of the future liberating us once again to be the most dynamic, full-employment, high-income society in the history of world? three, are we, are we going to continue to steal from our children and grandchildren, or is it time to get to a balanced budget by fundamentally changing the government? and then the other issue which i list as a half issue because it's not relevant right now every day, but it could bite us at any time, and that is is this, is the current policy of weakness, confusion really a very reliable national security policy, or is the world dangerous, and do we need a much more coherent foreign and national security policy? that's not on the front burper right now. unfortunately, the nature of the world as you remember 9/11, that can get on the front burner every morning. .. these are in refunds. this is the refund for your taxes. when i say crux, they send 585 checks to one address in singapore. they said over
that will not be able to pay rent. this is serious for the local economy. it will be a disaster in years to come as we see this thing go. that's the reason we are continuing to stand with detroit, and we'll stand up and fight back. we'll file the appeal and file it all the way to the supreme court. >> you think bankruptcy is a make. what is the alternative. >> we don't just think it's a mistake. we think it is illegal. first and foremost we have to understand that emergency management itself - we have two lawsuits filed, national action network, filed a law sued a few months ago. we repealed public at four, the emergency manager legislation. the governor came back with the same legislation, attached it to some money so it couldn't be repealed again, made it repeal proof. we feel the city of detroit never went into bankruptcy. you have to think about it like this: this mayor did not lead us into the bankruptcy. the city council never voted for bankruptcy. we feel it is illegal. on the other end of this the state and the city put $400 million together to build a new hockey arena here in the city of detr
jeopardized this nation's middle class and urging washington to take steps to ensure the economy works for everybody. >> child born in top 20% has about a 2 and 3 chance of staying at or near the top. a child born into bottom 20% has a less than one in 20 shot at making it to the top. >> the president is also calling for a hike in the federal minimum wage saying increase would be a good step for families and the economy. right now it's 7:25 per hour, democrats pushed to increase to $ten per hour. >> a new study finds what children flern preschool may keep them from dropping out late scombrer away from crime. they did find children who received quality preschool education did better in reading and math in kindergarten but had better social skills. >> it's about paying attention, about controlling your impulses. about sharing. about regulating your behavior. it's those character skills that are going to make you an accessible citizen. >> early school successes have a chain reaction. kids who are success envelope kindergarten do well in third grade and children who perform well in third g
president as to the country's economy being in session. two dozen states are bundling up to ward off bitter temperatures. arctic air is chilling 32 million people. snow, ice and winds are making roads dangerous. major midwest cities are bracing for power outages. in montana wind chill readings hit minus 30. >>> today it's going to be a mess for a lot of people across the nation in terms of snow, freezing rain, cold temperatures. let's start with the snow. you can see how it's been moving across parts of minnesota and wisconsin. and the great lacks. we expect to see up to 20 inches of snow in that location over the next 24 hours. if you are driving on the highways near the border be careful. up here to the north-west. not a lot of snow left. cold air is coming into place, cooling down the places well below average. no snow you can see here on the forecast map for thursday. take a look at the temperatures for seattle. we'll see barely above freezing. high temperatures on saturday. overnight lows going into the teens for many there. you may want to make sure that you crack your faucets. across
business in south africa. this was significant. we had the largest economy in the country and maybe the world. i will tell you this quickly. after i had the bill introduced and passed, working and all of that, when nelson was out, i still would not support the idea that we should rebuild the legislation that we have done. one day i am in my office and get a telephone call. who is on the other line? nelson mandela. he says, it is time to let go. i said -- yes. he said, it is time to repeal the legislation. tavis: what is amazing is he calls you to tell you that. -- in thisntry country we did not take him off the terrorist list until -- after the nobel peace prize. i went into his house and he said i never thought you would be in my house. tavis: thank you both. i appreciate it. with the passing of nelson mandela, the world has lost a towering force for moral leadership and a kind and inspiring human being. his courage and strength in the face of unrelenting violence and his compassion for those who try to destroy him have inspired all of us who shared in his lifetime and will -- he w
of the city. the chinese investment will provide a life line for the battered ukraine can economy. $3 billion is being provided to bolster sevastopol's ports. twice that will be used to update crimean. >> trade between europe and china have to travel around the whole of europe. when this port is constructed ships can go straight across the black sea. the ukrainian company is sandwiched between its warships and russias, but has been building a profitable business exporting steel and grain. they've been battling recession in the world market and at home. the commercial director is optimistic about the future, despite the political turmoil in kiev. >> translation: as the grain and coal production grose in the future in you grain, we believe the investment in the port is necessary to match the trend in these sebbing tors. >> president viktor yanukovych has brought home an important prize. it sends a message to the european union and russia, that they are not the only players in this town. >> the chinese businessman made headlines with plans to build a $40 million canal in nicaragua. >> a car bomb
benefitted his country's economy. >> controversy over the latest projectproject on artist cristo. some say it will damage the eco-system. >> it's called "over the river". the arkansas in south central colorado. what cristo wants to do here is suspend hundreds of huge panels of silvery cloth nearly six miles of it in eight sections along a 42-mile stretch of the river. the drawing shows how the sun light will filter through the fafabric. >> the best way to see it is underneath on a raft drifting through big horn sheep canyon. >> we have 300,00 300,000 raften the summertime and that is spectacular to experience the project. >> it's a created play of light passing through the fabric reflecting through the water. up, not down. cristo and his team have been working for "over the river" for more than 20 years. they have had to get approval because much of the project is on emplo protected land. cristo is raising the $50 million that it costs by selling hundreds of works which he makes by hand. he and his wife became famous for their out sized and ou out outlandish projects and "over the river" i
said the deal has already benefitted his country's economy. >>> remembering nelson mandela. today marks the beginning of a week of remembrance. they have a day of prayer and reflection. earlier today the mandela foundation held a service. services like this were held throughout the country and really around the world. alan joins us life from south africa. alan, how are people paying tribute to mandela? from what i hear and see behind is any indication, they're doing it by celebrating. >> reporter: absolutely, richelle. the folks here in soweto are handling the party end of that equati equation. they've been doing it for days now and they'll go long into the night, too, and through the wee hours. it's a tremendous scene. for the more sub dued and reflective part of the formula, the national day of prayer. we attended mass at a huge catholic church not far from him. the population of the congregation in church today, the sounds of soweto, of a nation on what is not just another sunday. ♪ >> reporter: the congregation of the biggest catholic church in this largest christian country celeb
economy and while it seems good, it does a disservice to those who need a help. >> and they said it wasn't part of the necessity of a budget agreement. >> negotiations are moving in the right direction. they haven't closed the deal. but i hope as part of it, the negotiators will take to heart what the president had to say. >> the budget conferree was optimistic. >> the key is not to raise taxes at a time when the economy is still week and i think we can accomplish that over the next couple of days. >> there was an agreement on a defense authorization bill which extends combat bay and a compromise of sexual assault prosecutions and a transfer of some gitmo detainees and a deal of chemical weapons. >> on the defense, the house would go first and then the senate could finish up. a deal could be announced as soon as tomorrow to allow time for votes so the threat of a government shutdown doesn't loom over christmas. >> thank you. >>> lying to a senate could be severeus. the truth about lying to the nsa. >> not even the intelligence chief james lapper should get a pass for misleading congress.
a sixth of our entire national economy. >> awe con -- au contraire. you quote valerie jarrett. >> you have a president, and all presidents have a sense of their vulnerabilities but they need to surround thhmselves with people who recognize their shortcomings. the president in a sense is very detached. he's not great at the hands-on at management. he's essentially admitted that. but people like valerie jarrett around him don't challenge that. they reenforce this notion that he's so brilliant that he's bored with these meetingsant doesn't need to participate. >> she says the problem is president obama knows how smart he is and he's been bored to death his whole life. he's too talented to do what ordinary people do. he would never be satisfied with what ordinary people do. >> because he is up there and we are down here. >> that sound like me. >> it does. >> exactly like me. >> you're not president. it's coming. >> here's the big picture, the one thing i look at right now is the president of the united states either has to back up this plan, get behind the plan, or actually distance himself ab
's a good day for the online shopping economy. plus -- actor will ferrell is accustomed to making appereances. >> pam: but this time he took it up a notch! how a town in north dakota got a surprise guest anchor. get on board for better sleep. it's sleep train's interest-free for 3 event! get 3 years interest-free financing on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. plus, get free delivery and sleep train's 100-day low price guarantee. you'll never find an interest rate lower than sleep train's interest-free for 3 event, on now! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> reporter: 4 of 53 tellers have cyber monday specific deals. let your fingers do the shopping. cyebr monday.the monday after thanksgiving. has become a fixture in the holiday shopping terminology. >> reporter:and early indications that online up more than 20 percent compared to the same day last year. analysts say almost a third of all internet shopping traffic is being done on mobile devices like phones
to the economy. sounds like good news, but some economists say the numbers mask a pervasive problem just beneath the surface. record high unemployment among young americans. put these numbers into context, economist in the university of maryland business professor is here with us. good morning. >> good morning. >> so these numbers are being trumpeted all around by the president's supporters on various broadcasts we did yesterday as great news, but you say they're not what they appear to be. why? >> well, simply, the quality of jobs are not very good and most young people really are having a terrible time getting started in careers. you know, college graduates are still working at starbucks and the like, and we have a lot of college graduates who are really graduate students, not learning very much, because they can't find a job. piling up a lot of debt and so forth. >> so at what point is this assumption that every person needs to go a four-year college and then get a graduate degree going to fold under the weight of the counterevidence maybe it's smarter to join the work force earlier? >> i thi
that is the origins of the economy. what really changed, major change was when the ford was finally closed in 1898 and when they discovered a different route into the mining districts which people didn't have to go. they were all rail lines. this little town was about to go under but nobody knew this. while all of this was going on there were federal surveys going on in the entire pacific northwest determining what is the marketable timber in this region? right behind me, i don't know if you can see it or not it is basically white pine, william -- millions of acres of white pine. a report was made from a survey in 1898. that report was made public and of course you can guess what happened then. all the major timber companies including the biggest warehouser was diamond international. they came to this area. so that is really what produced the town. when you walk through the town today that was the town that was primarily reduced. the town's population was about 500 in 1900. by 1910 it was almost 8000. coeur d' alene today is a modern progressive city and we depend pretty much not entirely, but tou
invest. it's everyday reinvesting for your personal economy. be careful babe. [ doorbell rings ] let's see what's cookin'. look at this. that's a swiffer. i don't have to climb up. did you notice how clean it looks? morty are you listening? morty? [ morty ] i'm listening! i want you to know. and i had like this four wheninch band of bumpslestening? it started on my back. that came around to the front of my body. and the pain from it was- it was excruciating. i did not want anyone to brush into me to cause me more pain than i was already enduring. i wanted to just crawl up in a ball and just, just wait till it passed. it's holiday time, and no fruit is as versatile as our ocean spray cranberries, which is why were declaring it the unofficial official fruit of the holidays! the fig's gonna be so bummed. [ laughs ] for holiday tips and recipes, go to oceanspray.com. ♪ >> osgood: carefree highway is just one of the songs that earned gordon lightfoot a secure place in the ranks of modern singer/songwriters. this morning he talk to john blackstone for the record. ♪ >> we begin with a w
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, h, wi tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app. >>> welcome back. president obama gave chris matthews an extended interview on msnbc on thursday. the appearance raised a few eyebrow s and riled up some mea types. >> the american people are good and they are decent. and yes we get very divided partly because our politics and our media specifically tries to divide them. and splint ter them. >> ah, yes, president obama as media critic. i personally love when any president jabs the press because it gets us talking about fairness, both the medias and the administrations. eric dagen is the critic for the npr. jane, you used
of the economic news and what republicans are saying that obamacare will actually be hurting the economy as we get into 2014 and 2015. jon: well, one health care policy expert who was quoted in "the financial times" says it is tantamount to the decision consumers have to make when they buy a car. do you want a mercedes or want a chevy? if you want better health care you are in some circumstances able to pay for it but what if, you know, if these obamacare plans won't let these patients access some of the better hospitals, what are they supposed to do? >> oh, i think there will be a lot of people upset, whether cancer consumer groups or patient groups. they will be making the case for changes to the law. as you know, jon, that will be very hard to do with such a partisan law. so i think the consequences we're seeing whether on cost, high deductibles, whether it is on premiums, that's something that will be very, very hard to fix because there is a limit of what the administration can do administratively. a lot of republicans saying that he already gone too far, the president has gone too far on tho
issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president, while hopeful and optimistic. he's dealing with all these obstruction and impediments, he has to try, otherwise why be in the job? >> what's the point of the job. isaac, when you watched the interview, it was sort of interesting to watch a president expound at length about what it's like to be president while he's president. it is sort of an interesting experience we don't get to see. what were you seeing? what were you taking away from what you heard the president talking about this week? >> this was the first interview obama has done in a few weeks where he seemed back on hills game, he seemed confident, feisty. happy, the last few tim
for american progress, a liberal think tank in washington, talking about the economy, issues bi s like incom disparity, called for a hike in minimum wage, extending unemployment benefits, but he wrapped up an event at the white house with younger americans, a youth summit here at the white house that goes to the issues that the white house believes younger americans care about. first and foremost on the president's mind, was the affordable care act, they desperately want younger americans to sign up. you mentioned the enrollment numbers. 29,000 in the first couple days of this month, exceeding all of what was picked up in october, and about a third, by the way, of what the administration says will be reported for november. and the president very interestingly at one point, brooke, talked about the term obama care. people in washington have been saying the president hasn't been using the word obama care as much lately. what's the deal with that? the president used it during this address to younger folk s here at the white house. here's what the president had to say. >> i know people call this
an economy are blooming for people with access to greater education, more experience in high-tech industry, and not necessarily people who are in our neighborhoods. >> reporter: gabriel metcalf of the san francisco planning and research association understands the apprehension. >> people are really afraid especially renters like me if you lose your apartment, you have to move out of the city most likely. >> reporter: speaking of moving, st
losing 25 points. the dmakz was up a fraction. >>> the federal reserve found the economy held steady during the 16-day shutdown. seven of the bank's 12 banking districts found the growth moderate. most will not change its stimulus program when it meets on december 17th. >>> start the presses. "newsweek" is going back into print. paper copies of "newsweek" will begin rolling off the presses next year. "newsweek" stopped publishing print editions a year ago. the magazine's owner ibt media wants the weekly version to be paid for by subscription fees instead of advertising. no word on how much that magazine will cost. >>> well, the super bowl is still two months away but all the ad spots have been sold. that's one month earlier than last month's game. fox sports says one reason is that the super bowl will be played in the new york market. it's estimated that some 30-second spots sold for more than $4 million. >>> and, anne-marie, you have a smartphone, right? maybe a smart tv? how about a smart bra? >> well, it's a concept from microsoft to combat overeating. the smart bra has removable
about that today. >> through the government shut down, the economy lot of $24 billion. unnecessary, shameful action. the cost of providing unemployment compensation over the next year, $24 billion. >> i wonder if on the unemployment insurance, you are trying to convince somebody to purchase they may not need or want. when it comes to unemployment insurance, everyone knows you can be unemployed. what is the tactical reason that can be derived to say we will save this tiny amount of money. >> i don't know what the advantage is here. people again, folks living paycheck to paycheck and unemployment benefits is direct money into the hands of people who need it and into the communities. they have money for food and shelter and clothing. whatever it is they need. republicans who always express all this care and concern about the american worker and they are speaking for the american people, they go mute when it comes time to help them. >> i wonder if the president's best ally, the wingman if it were will be the hope. the president is sort of making that shared community argument on everyt
to payrolls driving the unemployment rate down to 7%. that is a five year low and a sign the economy is now beginning to ramp up after the great recession in a long, sluggish recovery. other signs, nearly a quarter of the november job growth came in manufacturing and construction. those are good paying jobs, too. and hourly pay sup. average wage earner making $24.15 per hour, working 34.5 hours per week. down side is that 4 million people have been out of work six months or longer and percentage of adults working or looking for jobs is near a 35 year low. >> nasdaq is up almost 30 and google up to a all-time high. apple demanding more money tonight, a jury concluded apple owes for stealing patented features, apple asked a judge for an extra $22 million for legal fees and other costs. >> and barns and noble disclosed the government is looking at its books arcs kting books the investigation from an employee allegation of an improper allocation of expenses between barns and noble retail segment and unit that makes the nook e reader. >> coming up next tonight's breaking news. a bay area man now
order should manage the global economy. he called for a managed economy. but it's some of the language that pope francis is using that has set something off with rush limbaugh. the idea of trickle-down economics, which means something very specific, specifically to american consumers, regan annecks, and this is something that rush can't necessarily stomach. what will be truly interesting is to see what republican catholics say about the new pope. he's called the people's pope. he's wildly popular in many parts of the world, including right here in the united states. you have paul ryan, you have our own newt gingrich, rick santorum, a guy named chris christie, who are all catholics right now. i would be shocked if these potential candidates were to go out and be critical of this pope who, as i said, is wildly popular in many parts of the country. >> you mentioned potential candidates, but catholics are also a key voting bloc, yes? >> white catholics are often seen as the key. the key swing group. you can look where white catholics vote and see how an election goes. they're seen as swing
like big items like cars or art, when it comes not fluctuating economy of california you never know when a simple cyber monday purchase could come back to haunt you. >> of course, there have been moments where they kind of needed every dime they could get. >> reporter: earlier this year, the senate passed a marketplace fairness act which would require retailers with over a million a year in sales to collect state tax but the bill is stalled in congress. and it's being rewritten. >> what do you do if you go to a site and there is no place for sales tax? in other words, you can't add it on there. they don't charge sales tax. >> reporter: a lot of companies especially smaller companies aren't required to collect this at the point of sale so you actually have to keep the receipt and when you pay your income taxes you have to say -- [ laughter ] >> -- i purchased this. >> i'm going to turn myself in? >> and pay this. >> if you don't, the state could come back and force you to pay retroactively charge you penalties. right now, it's probably only going to happen on big ticket items but yo
's as the economy improves, there's still so manpeople out there suffering. >>> it is gog to be cold. let's get the latestor u. >> spenc christian is tracking it. spencer? >>> yes, the cold snap will make us quickly forget about the mild spell we just had. live doppler 7 h.d. up north, a shrinking area of light rain. it was a much wider area earlier moving south of eureka toward mend cito county and the bay area. not the possibility of showers we're concerned about but thea, rival of very cold air. a freeze watch is in effect for tuesday night, tomorrow into wednesday morning for the north bay, the strait and lta. subfreezing temperatures will be spread all across this area. possle damage to sensitive plant and exposedpipes. now the following morning or night, wednesday into thursday morning, the freeze watch expands to virtually all of the bay area with the exception of safrancisco. it will be even colder with still freezing temperatures spreadg southward. there's an increased risk of hypothermia. as we look liverom the east bay hills camera, here's the projected morning low temperatures for t
americans are getting jobs, which reflects growth in the economy. the adp national employment report showed the private sector added 215,000 jobs in november, and that was more than expected. close attention will be paid to the november report, which is due out on friday. >>> it's cold out there right now. check out napa at 24 degrees. i've got a forecast for napa in the area around santa rosa, for overnight lows into the teens. napa could easily get down to 19 degrees tonight. even cooler. walnut creek, 26 degrees. right now, temperatures below freezing. the freeze warning in effect for everybody until 9:00 a.m. tomorrow except san francisco. interestingly enough, we still have light winds out there. these winds, when they die down, it's going to get colder. we're looking for records tomorrow. napa tomorrow could easily crush its record set in 1972. the records of 1972. livermore, 24. that breaks a record. oakland could break a record. san francisco could break a record. it is going to be one cold morning tomorrow morning. then on top of that, the next weather system coming in. the latest
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